Pentair (PNR) Raises Quarterly Dividend 5.3% to $0.20; 1.6% Yield
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Pentair Announces 5 Percent Rate Increase to its Quarterly Cash Dividend and Authorizes New Share Repurchase Program
December 8, 2020 4:29 PM ESTLONDON--(BUSINESS WIRE)-- Pentair plc (NYSE: PNR) announced today that it will pay a regular quarterly cash dividend of $0.20 per share on February 5, 2021 to shareholders of record at the close of business on January 22, 2021. This dividend reflects a 5 percent increase in the companys regular cash dividend rate (from $0.19 per share); 2021 will mark the 45th consecutive year that Pentair has increased its dividend.
In addition, the company announced today that its Board of Directors has authorized a new share repurchase program for the company to repurchase up to $750 million of Pentair shares. The... More
